Li Auto's second model, possibly codenamed X01, expected to be delivered next year
Shenzhen-listed Jiangsu Miracle Logistics System Engineering recently announced that it has won the "X01 assembly line" project of Li Auto's Changzhou branch, with a contract value of RMB 160 million and a delivery date of March 30, 2022.
Miracle Logistics said it has no similar cooperation with Li Auto in 2020, and the order amount accounts for 4.59% of its total operating revenue in 2019.
It is worth mentioning that in July 2020, Li Auto's prospectus filed with the US Securities and Exchange Commission said it plans to launch a large SUV in 2022 and continue to use extended-range technology.
Li Auto went public on NASDAQ at the end of July last year, becoming the second Chinese electric vehicle company to go public in the US after NIO.
During the third-quarter earnings call, Li Auto CEO Li Xiang also said that he plans to launch one new vehicle per year after 2022, including a full-size large SUV with extended-range technology.
Previous media reports suggest that Li Auto will likely announce the new vehicle by the end of the year and begin deliveries in the second half of 2022.
Li Auto currently has only one model in its portfolio, the Li ONE, which had 32,624 deliveries in 2020.
Deliveries of the Li ONE reached 6,126 units in December, an increase of 31.9 percent over November.
As of December 31, 2020, Li Auto has 52 retail centers nationwide, covering 41 cities, and 114 after-sales repair centers, and authorized sheet metal spray centers, covering 83 cities.